Treaties: CAFTA (Central America Free Trade Agreement)

1. What is the origin of comparative advantage and its relationship with international trade? (Use the treatise as an example.)
2. What were the reasons for the creation of the treaty and the countries included in it.
3. What are the benefits and effects of export and import in the treaty?
4. What were the obstacles encountered in the development of the treaty?
5. What are the trade advantages and disadvantages of the treaty?
6. What is the economic impact for the countries?
7. What are the effects of fiscal and monetary policies on the income and price level of the treaty?
8. Mention outstanding findings.
9. It argues about the future pending challenges to be solved in the treaty.